[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company h two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during Marcl Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q data and questions relate to the month of March): Molding 4,200 $ 16,800 Fabrication Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- Total 6,720 $ 42,000 2,520 $ 25, 200 $ 1.40 $2.20 hour Job P Job Q $ 13,440 $ 12,600 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication $ 21,840 $ 35,280 2,890 1,010 3,900 1,340 1,480 Total 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine- hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questi 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocatio base. Jhat was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) al manufacturing cost
[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company h two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during Marcl Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q data and questions relate to the month of March): Molding 4,200 $ 16,800 Fabrication Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine- Total 6,720 $ 42,000 2,520 $ 25, 200 $ 1.40 $2.20 hour Job P Job Q $ 13,440 $ 12,600 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication $ 21,840 $ 35,280 2,890 1,010 3,900 1,340 1,480 Total 2,820 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1 to 9, assume that Sweeten Company uses departmental predetermined overhead rates with machine- hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questi 10 to 15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocatio base. Jhat was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.) al manufacturing cost
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 17E: Cost flow relationships The following information is available for the first month of operations of...
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